We recently published Jim Cramer Discussed These 10 Stocks Including A Hidden Gem & An AI Short. Costco Wholesale Corporation (NASDAQ:COST) is one of the stocks discussed by Jim Cramer.
Costco Wholesale Corporation (NASDAQ:COST) has remained one of Jim Cramer’s favorite stocks despite the market’s ups and downs. The CNBC TV host continues to praise the firm’s management, its market share, new initiative and other factors. Costco Wholesale Corporation (NASDAQ:COST)’s stock is up by 1.9% over the past year and by 20% year-to-date. Oppenheimer discussed the firm on May 19th as it raised the share price target to $1,160 from $1,000 and kept an Outperform rating. The coverage came ahead of the retailer’s earnings as the financial firm remarked that it remained optimistic about Costco Wholesale Corporation (NASDAQ:COST) over the long term even though the firm might face near-term margin pressures due to high fuel prices. In this appearance, Cramer discussed the retailer’s history:
“My oldest stock, in my trust, and I’ve got to tell you. . .oh my god, we were worried about the signups, and whether the young people were signing up and were on dotcom. And we bought gold. There’s so many things that are terrific. When Richard Galanti retired, man is the longest running CFO, a lot of people worried. But Richard assured us, do not worry. And it’s terrific.”
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While we acknowledge the potential of COST as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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